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Cable Update (GBPUSD)

  • #111,621
  • Jan 14, 2009 3:14pm Jan 14, 2009 3:14pm
Quoting AmeriTrini
conservatively: to atleast 1.5372


AGGRESSIVELY: above 1.5721.

what do you think?

higher highs and higher lows forming as of late on the lower time frames, if change happens and it always does, we will see in on the lower time frames first.
I have to agree with your targets there, although they may seem optimistic at the moment
  • #111,622
  • Jan 14, 2009 3:14pm Jan 14, 2009 3:14pm
Quoting AmeriTrini
This will be interesting
Indeed!
Just digging in the trenches like everyone else!
  • #111,623
  • Jan 14, 2009 3:14pm Jan 14, 2009 3:14pm
Quoting AmeriTrini
Long @ 1.4595, I see a possible stop-loss at 1.4320, but I have none.
No Stop Loss?
1.44 does seem like a bottom for now, but skipping a SL is quite risky.
  • #111,624
  • Jan 14, 2009 3:19pm Jan 14, 2009 3:19pm
Quoting Yohay
No Stop Loss?
1.44 does seem like a bottom for now, but skipping a SL is quite risky.
He's got deeeeeeeep pockets!
Just digging in the trenches like everyone else!
  • #111,625
  • Jan 14, 2009 3:19pm Jan 14, 2009 3:19pm
Quoting Yohay
No Stop Loss?
1.44 does seem like a bottom for now, but skipping a SL is quite risky.

I still have time to implement the stop-loss, I just chose to leave it out for now.
  • #111,626
  • Jan 14, 2009 3:22pm Jan 14, 2009 3:22pm
Quoting eohater
He's got deeeeeeeep pockets!

It's not a straight shot by any means, it will zig zaggy, lots will be added at the zaggys. So its minimal lots for now, adding as we ascend. As long as the position is losing, no lots will be added. Additions will only be to PROFITABLE positions.
  • #111,627
  • Jan 14, 2009 3:31pm Jan 14, 2009 3:31pm
out of the wedge and in the right direction
  • #111,628
  • Jan 14, 2009 4:20pm Jan 14, 2009 4:20pm
Quoting AmeriTrini
It's not a straight shot by any means, it will zig zaggy, lots will be added at the zaggys. So its minimal lots for now, adding as we ascend. As long as the position is losing, no lots will be added. Additions will only be to PROFITABLE positions.
I see what you are seeing and if you are right the targets will be much higher than those you stated in your earlier post.. I am looking forward to that big buy myself.... but I am not yet convinced.... If we make a new high above the bearish h4 bar I posted earlier, which would also mean a new daily high, we could have a potentially massive inverted shampoo on the daily. We should have some "zig zaggys" before the rate decision though I reckon so I am not holding a long term position yet....
Patience + Discipline - Greed = Success
  • #111,629
  • Jan 14, 2009 6:03pm Jan 14, 2009 6:03pm
Just a note.. if g/u just keeps making these small step ladder moves up.. I will keep my biased short.
DireXiv Make it happen, no one else is going to do it for you...
  • #111,630
  • Jan 14, 2009 6:53pm Jan 14, 2009 6:53pm
Looking at a piece of action on AU/US when internet crashes seconds before I pull the trigger to long just as touches its lowest low for the last month.
Why does it do that It cost me a nice 50+ pips over a 6 minute period
  • #111,631
  • Jan 14, 2009 8:52pm Jan 14, 2009 8:52pm
Short GU at 1.46
Give me patience
  • #111,632
  • Jan 14, 2009 9:05pm Jan 14, 2009 9:05pm
Quoting Bullfx
Short GU at 1.46

  • #111,633
  • Jan 14, 2009 9:09pm Jan 14, 2009 9:09pm
Ok, if you're playing the range... but the range extends past 1.4610... I'm scalping e/u range instead... but calling it a night.

Quoting Bullfx
Short GU at 1.46
DireXiv Make it happen, no one else is going to do it for you...
  • #111,634
  • Jan 14, 2009 9:13pm Jan 14, 2009 9:13pm
Quoting Bullfx
Short GU at 1.46
If I were anyone I wouldnt follow this trade to save my life. Nothing against bullfx it just its a slow time of day no volume. To easy for the market makers to swing it both ways and take out stops.

Plus its pre london. Folks should be away enjoying there families or whatever right now. Get away from the charts no reason to be trading this dead horse right now.
  • #111,635
  • Jan 14, 2009 9:55pm Jan 14, 2009 9:55pm
i think gu will form bullish wedge on daily chart.the price will go down as low as 1.4260 before go up to potentially 1.60 in medium term.
  • #111,636
  • Jan 14, 2009 10:07pm Jan 14, 2009 10:07pm
Quoting Bullfx
Short GU at 1.46
i dont want follow u coz i see at 4h chart more green candles than red candles...
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #111,637
  • Jan 14, 2009 10:10pm Jan 14, 2009 10:10pm
Quoting hanizad
i think gu will form bullish wedge on daily chart.the price will go down as low as 1.4260 before go up to potentially 1.60 in medium term.
i see gu start going up from yesterday at 22:00,tf 1h..
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #111,638
  • Jan 14, 2009 10:20pm Jan 14, 2009 10:20pm
normally asian session wiil reverse against us session
  • #111,639
  • Jan 14, 2009 10:42pm Jan 14, 2009 10:42pm
Quoting Bullfx
Short GU at 1.46
hang in there kid
no one knows what is going to happen,U may have a big winner
  • #111,640
  • Jan 14, 2009 10:53pm Jan 14, 2009 10:53pm
Quoting torcuswelby
hang in there kid
no one knows what is going to happen,U may have a big winner
these morons are only right half of the time,don't let what they say influence u,I see the resistance,u made a good call
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